High-yield money market accounts reach 4.01% APY despite the Federal Reserve pausing rate cuts in 2026.
Top money market accounts are offering annual percentage yields up to 4.01%, significantly above the national average of 0.57%. The Federal Reserve’s decision to leave rates unchanged in 2026 has kept deposit rates stable but elevated by historical standards.
After cutting the federal funds rate three times in both 2024 and 2025, the Fed has paused further reductions this year. While the national average for money market accounts remains low, online banks and credit unions continue to provide competitive rates, with some requiring minimum balances as low as $1,000 to earn the highest yields.
Investors are advised to compare rates, as the gap between the national average and top offers remains wide. Accounts like TotalBank Online and Brilliant Bank Surge lead with yields above 4%, more than six times the FDIC-reported average.